Clarius Group LLC Has $1.43 Million Stock Position in Citigroup Inc. (NYSE:C)

Clarius Group LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C) by 101.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,164 shares of the company’s stock after acquiring an additional 10,171 shares during the period. Clarius Group LLC’s holdings in Citigroup were worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Citigroup in the 4th quarter worth $28,000. American National Bank & Trust purchased a new position in Citigroup during the first quarter worth about $29,000. Mascagni Wealth Management Inc. purchased a new position in Citigroup during the fourth quarter worth about $34,000. Creative Capital Management Investments LLC bought a new stake in Citigroup in the 4th quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new stake in Citigroup in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Cunningham Dugan sold 4,417 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Trading Down 0.9%

Shares of Citigroup stock opened at $77.37 on Wednesday. The stock has a market capitalization of $144.51 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.60 and a beta of 1.33. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $71.66 and its 200 day simple moving average is $73.13.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.90%. Citigroup’s payout ratio is 35.39%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on C shares. TD Cowen started coverage on Citigroup in a research note on Thursday, May 15th. They issued a “hold” rating and a $83.00 target price on the stock. Piper Sandler reissued an “overweight” rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Cowen began coverage on Citigroup in a research note on Wednesday, May 14th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, Wall Street Zen raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.30.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.